Tuesday, May 17, 2011

Micro Post follow up

Take a look at GOOG
GOOG has already retraced more then half of yesterday's loss on good volume.

As for the SPY and tat stubborn divergence that wouldn't move down...
Decent little recovery toward unchanged. Actually it's beyond unchanged and in the green now. I'm listening in the background to Broad Street traders tying to play the SPY, this is about their 3rd trade, once long, a stop out and now chasing it again. What's the point in chasing it? The divergence in 3C held, I'm glad I'm not day trading anymore, but what an edge if I was!

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